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INTANGIBLE ASSETS AND GOODWILL

3 Months Ended

Mar. 31, 2025

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL

NOTE 9.    INTANGIBLE ASSETS AND GOODWILL

Intangible assets consisted of the following:

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	March 31, 2025
​		Gross Carrying			Accumulated			Net Carrying			Weighted Average Remaining
​	​	Amount		​	Amortization		​	Amount			Useful Life (in years)
​	​	(in millions)								​	​
Technology	​	$	100.5	​	$	(72.2)	​	$	28.3	​	6.8
Customer relationships	​		169.6	​	​	(74.8)	​		94.8	​	8.3
Trademarks and other	​		27.1	​	​	(16.2)	​		10.9	​	4.4
Total	​	$	297.2	​	$	(163.2)	​	$	134.0	​	7.7
​	​	​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2024
​		Gross Carrying			Accumulated			Net Carrying		​	Weighted Average Remaining
​	​	Amount		​	Amortization		​	Amount		​	Useful Life (in years)
​	​	(in millions)								​	​
Technology	​	$	99.9	​	$	(70.0)	​	$	29.9	​	7.0
Customer relationships	​		168.9	​	​	(70.9)	​		98.0	​	8.5
Trademarks and other	​		27.1	​	​	(15.6)	​		11.5	​	4.6
Total	​	$	295.9	​	$	(156.5)	​	$	139.4	​	7.9

​

Amortization expense related to intangible assets is as follows:

​

​	​	​	​	​	​	​	​
​	​	Three Months Ended March 31,					​
​		2025			2024
​	​	(in millions)					​
Amortization expense	​	$	5.5	​	$	6.9	​

​

Estimated future amortization expense related to intangibles is as follows:

​

​	​	​	​
Year Ending December 31,		​	(in millions)
2025 (remaining)	​	$	16.6
2026	​		20.0
2027	​		17.8
2028	​		16.5
2029	​	​	14.9
Thereafter	​		48.2
Total	​	$	134.0

​

​

​

​

​

The following table summarizes the changes in goodwill:

​

​	​	​	​
​	​	(in millions)
December 31, 2024	​	$	296.0
Foreign currency translation and other	​	​	1.3
March 31, 2025		$	297.3

​

X

- References

No definition available.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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